Satisfied with reform commitment and pandemic response, EC wraps up sixth post-MoU review
Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern
Piecemeal process likely in drive for more fiscal space
Athens takes heart from Gentiloni, Lagarde comments but still has distance to cover
Lenders conclude 'productive' talks on fifth review but issues remain as Athens targets fiscal space
Lenders set out key review issues as Athens tables proposals for fiscal space
EC warns budget not on track due to handouts, advises against further underspend
Greece’s official creditors have recently expressed at various levels their concerns about whether the country will be able to meet its fiscal commitments after adopting a new batch of expansionary measures last month, so it was no surprise that this issue was explored extensively in the latest post-programme surveillance report published by the European Commission.
The European technocrats acknowledge that over the last few years Greece has managed to significantly over-perform on the fiscal front. Last year, the primary balance under the enhanced surveillance definition reached 4.3 percent of GDP. When factoring ...
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